Kursk region

Register of investment projects implemented in the Kursk region (docx, 78 КБ)

The Kursk region is a steadily developing industrial and agricultural region with an established infrastructure, a rich resource base, significant production, labor and scientific potential for business development.

Geographical position.

The region is located in a climatic zone that is free from natural disasters and allows for intensive farming and animal husbandry.

Kursk region is a border region. The external borders with the Sumy region of Ukraine in the south-west and west are 280 km and have the status of the state border of Russia. Neighbors of the Kursk region in the Russian Federation are: Bryansk, Oryol, Lipetsk, Voronezh and Belgorod regions.

Transport infrastructure.

The region has a developed network of railways and highways.

Three large railway junctions are located in the region: Kursk, Lgov, Kastornaya, 6 international and 89 intercity (including interregional) bus routes connecting the cities of the region with the cities: Gomel, Moscow, St. Petersburg, Voronezh, Lipetsk, Tambov, Orel and others.

Energy supply.

The level of energy supply in the region is high. The Kursk Nuclear Power Plant with a design capacity of 4,000 MW annually produces 29 billion kWh of electricity and provides electricity to most regions of the Central Federal District. The construction of the replacement station NPP-2 has begun.

The main oil and gas pipelines pass through the territory of the region.

Natural resource potential.

Kursk region is rich in reserves of natural resources. Almost all known minerals are explored in the region.

Economic potential.

Kursk region is an industrial and agricultural region with significant potential for business development.

The industry is represented by 15 industries, where up to 70% of the basic production assets of the region are concentrated, more than a third work in the sectors of material production.

Industrial enterprises in the region produce: iron ore, concentrates and pellets, batteries, mobile power plants, generators, exploration and oilfield equipment, radio measuring equipment, bearings, computer equipment, low-voltage equipment, medical equipment, rubber and plastic products, chemical threads and fibers, products from polymeric materials, medicines, medical devices, knitwear and clothing, shoes, wood fiber ny plates, printing cardboard packaging, flexible packaging materials.

The food and processing industry of the Kursk region covers eleven industries, including sugar, flour and cereal, animal feed, alcohol, distillery, meat and dairy, bakery, confectionery, canning and others.

The agricultural sector plays a crucial role in the economy.

The region has become a major producer of oilseeds in recent years. Production amounted to 537 thousand tons in 2015, which is 27 thousand tons higher than in 2014.

Greenhouse farms are reviving in the region.

84 production sites were built in recent years in the region, of which 12 are dairy and 72 are meat.

The average per capita cash income of the oblast population for 2015 increased by 11.4% and amounted to 25.8 thousand rubles. The average monthly accrued salary in 2015 in the region as a whole amounted to 23888.8 rubles, with an increase of 3.9% compared to 2014.

Foreign economic activity.

Products of Kursk enterprises are in demand in Russia and abroad.

International relations of the Kursk region today cover all countries of the Commonwealth of Independent States and more than 70 countries of the far abroad.

The foreign trade turnover of the Kursk region in 2015 amounted to $ 746.4 million.

Investment potential.

The economic potential of the region is the basis for creating favorable conditions for business development and attracting investments.

The Kursk region takes the 36th place among the constituent entities of the Russian Federation in terms of investment potential, the 5th place in terms of investment risk, is included in category 3A1 «Lowered potential — minimal risk».

Ratings of the Kursk region reflect good performance indicators of the budget, low direct risk.

An indicator of a favorable investment climate is that both domestic and foreign investors are working in the region.

The Law «On Investment Activities in the Kursk Region» guarantees business safety of investments and stability of working conditions for the period of the project, as well as providing for the provision of various measures of state support.

The subprogram «Creating favorable conditions for attracting investments in the economy of the Kursk region» of the state program «Development of the economy and external relations of the Kursk region» is being implemented with the aim of creating financial conditions for enhancing investment activities.

Exhibition and fair activities.

The administration of the Kursk region is actively using modern mechanisms to attract attention to our region.

The inter-regional universal wholesale and retail «Kursk Korenskaya Yarmarka», the number of participants of which is increasing annually, has been held since 2000.

Central Russian Economic Forum

The Central Russian Economic Forum has been held since 2012 as part of the fair.

The goals of the Forum are to create the prerequisites for a systematic approach to establishing sustainable relations between the Central Russian regions and European countries, and to attract investors and creditors.